Trader bei einer bank werden
Still, the bank is seeking to have him prosecuted in court. A person familiar with the case named the trader as Jerome Kerviel. Bank officials said the trader was a Frenchman in his 30s who probably acted alone. The person spoke on condition of anonymity because of the sensitivity of the case.
The bombshell destabilized a major bank already exposed to the subprime crisis. Trader bei einer bank werden Generale filed a complaint Thursday with a court in Nanterre, west of Paris, accusing the trader of fraudulent falsification of banking records, use of such records and computer fraud, the bank said in a statement.
The Paris prosecutor opened a preliminary investigation Thursday based on a complaint filed by a small shareholder concerned about losses incurred because of the fraud, a judicial official said. The bank said it detected the fraud — comparable to a full year of its profits in stable times — at its French markets division the weekend of Jan.
But detecting the fraud over the weekend was problematic because world stock markets on Monday and Tuesday fell hugely around the world. The man admitted to the fraud, the bank said, and was being dismissed. Four or five of his supervisors were to leave the group. Bouton offered to resign but the board rejected that.
The trader was responsible for basic futures hedging on European equity market indexes, the company said. That means he made bets trader bei einer bank werden how the markets would perform at a future date. Futures trading began with trader bei einer bank werden commodities like sugar or oil to be delivered at a future date, but has expanded enormously to many handelssoftware fur binare optionen of extremely complex financial instruments.
The fraud appeared to be the largest ever by a single trader. If confirmed, it would far outstrip the Nick Leeson trading scandal in that forced trader bei einer bank werden collapse of British bank Barings.
The company had been in business for more than years. The fraud was not as big as the scandal that led to the demise of the Bank of Credit and Commerce International. Axel Pierron, senior analyst at Celent, an international financial research and consulting firm, was stunned that 13 years after the Barings collapse, something similar has happened.
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Trader's Bank Building is a storey It was the tallest building in Toronto and the entire British Commonwealth until the Canadian Pacific Building was completed in It remains one of Canada's few surviving skyscrapers of the early 20th Century.
Construction of the building was marked by several accidents and one fatality. An engineer was scalded by a faulty steam injector in November The building was innovative in its leasing arrangements. It was the first major Toronto building to introduce the New York system of leasing by the square foot. The building's height was fairly controversial at the time. A number of the city's public intellectuals and many of its architects expressed dismay at trader bei einer bank werden prospect of skyscrapers.
It would overload the property values and shade the streets, trapping the disease-causing "miasmas" that still lurked in the public imagination.
The Globe newspaper complained: The trader bei einer bank werden retail thorofares will then look like a Colorado canyon. There were signs of urban canyon effect winds by the spring of The City Architect in November promised it would not start a trend: There would be strict enforcement of the foot height limit,  which was still taller than the building itself. As it turned out, city council was usually persuaded to waive the height limits downtown, and the Traders' Bank was very shortly overtaken by even taller buildings.
From Wikipedia, the free encyclopedia. Timeline of the tallest buildings in Toronto. Timeline of the tallest buildings in Canada.
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